We got a customer that wants a special payment terms wherein they will pay in installments.
Example:
Customer's order is for $50,000.00
They will pay in 2 installments wherein the 1st installment - they will pay 30% in 30 days and the balance 70% will be pay in 60 days.
How can we set this up under our version of Navision - we are using Navision 2009 R2 Classic version.
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Hi Amol,
Does this feature now available in NAV 2016 version?
We always offer our client who order us inventory items, multiple payment terms.
50% upon delivery and 50% net 30 from delivery, usually this is the term. Can we customize and apply this is a single SO and sales invoice?
Please advise, thanks
This is something available in Spanish version of Navision .There is granule called Catera
.This is does exactly what you want.
As well as look at the following link
Use free text in sales invoice so that customer is aware abt it.
You may add one field to flow that field to customer ledger entries, so that you know about multiple payment terms while payment receipt and related followup.
Or Go for customisations.
Add on payment schedule table and attach it to sales order. When you post the invoice, let that table value get flow in Posted Payment Schedule Table. Further, you can flow the Sales Invoice Number into this posted table for reference.
This table can be also attached with Customer Ledger Entries (based on Sales Invoice reference number).
Another option could be Prepayment functionality with minor Customisations.
If you are using W1 version, one option is to post two invoices from one sales order (or post two sales orders), one for 30% amount with one payment term, and the other for 70% amount with a different payment term (by modifying it on the Invoicing tab of the sales order). That would allow to keep all further tools and reports as standard, as there will be two different customer ledger entries with their own payment terms.
Another option is to go to customization and add payment schedule functionality to the payment terms, where you will be able to add multiple lines with different payment terms for each particular sales invoice or sales order, but it also would require customization of further reports.
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